MS HB1415

Authorizes $86,375,000 in state general obligation bonds for capital improvements at Mississippi's public universities, including $15 million each for Mississippi State University (College of Architecture building) and University of Mississippi (power plant), and various renovation projects across all eight IHL institutions

Authorizes $35,000,000 in bonds for community and junior college capital improvements, distributed among all 15 community colleges based on a formula, with Hinds Community College receiving the largest allocation ($3,858,858) and Mississippi Valley receiving the smallest ($500,000 for preplanning)

Authorizes $73,750,000 in bonds for state agency capital improvements, including $27.5 million for a new Department of Public Safety headquarters, $22.25 million for Department of Finance and Administration projects (including New Capitol repairs), and $7 million for Department of Mental Health facilities

Creates three separate special funds within the State Treasury ("2021 IHL Capital Improvements Fund," "2021 Community and Junior Colleges Capital Improvements Fund," and "2021 State Agencies Capital Improvements Fund") to hold and disburse bond proceeds

Bonds must be issued before July 1, 2025, with a maximum maturity of 25 years; bonds are general obligations backed by the full faith and credit of Mississippi and are exempt from all state taxation